Summing It Up listing page


Topic: Employee Retention Credit

IRS Audit Risk Alert: The IRS is Aggressively Pursuing Employee Retention Credit Claims in a New Way to Determine Validity: Understanding Your Letter 6612

New Update: Understanding Your Letter 6612. The IRS escalated its verification efforts for Employee Retention Credit (ERC) claims. Businesses that submitted ERC claims are now under even...

Continue Reading
IRS Audit Risk Alert: IRS to Target ERC Promoters and their Clients

Newly proposed federal legislation will require ERC Promoters to disclose their clients to the IRS. This move increases audit scrutiny for all businesses, particularly those who sought...

Continue Reading
Employee Retention Tax Credit News: IRS Announces New ERC Withdrawal Process
By Freed Maxick Tax Team on November 14, 2023

The IRS has introduced a new withdrawal process for taxpayers looking to retract previously filed Employee Retention Tax Credit (ERC) claims. This move comes as part of the IRS's efforts...

Continue Reading
ERC Tax Credit Eligibility: IRS Guidance for Supply Chain Disruptions
By Freed Maxick Tax Team on August 22, 2023

The COVID-19 pandemic has disrupted businesses worldwide, leading to economic challenges and uncertainty. To support employers, the government introduced the Employee Retention Credit (ERC)

Continue Reading
Employee Retention Credits FAQs for 2023: Understanding the Credit & How to Avoid Scams
By Freed Maxick Tax Team on August 8, 2023

As businesses navigate the complexities of the Employee Retention Credit (ERC), it's essential to have a clear understanding of the eligibility criteria, claiming process, and potential...

Continue Reading

Stay up to date